We are seeking a Finance professional with IFRS expertise to join our Group Financial Reporting (GFR) department within the Corporate Group Finance organisation of the Group. The unit is responsible for the general ledgers of the 2 parent companies in the Group (Emirates and dnata), consolidating the financial position and results of 6080+ companies in the Group and financial reporting under International Financial Reporting Standards (IFRS).
The job-holder will be expected to plan, manage and provide strategic input and analysis on the impact of IFRS on the financial position and profitability of the Group keeping a long term perspective in mind and will be the main technical expert on all IFRS standards, interpretations and developments.
Evaluate the long term business and financial impact (over 3-5 year period) of new or revised IFRS on the Group and existing lines of businesses (LOBs), including Subsidiaries, Joint ventures and associated companies.
An IFRS evaluation / impact assessment is also required for new lines of business and new agreements, taking into account the long term business plans, understanding the Group vision and the impact on operations.
Present the alternatives available with a recommendation of the most beneficial one (from a Group perspective) to senior management.
Evaluate the financial impact, from an IFRS perspective, of new investments in Group companies and provide key inputs on investment decisions at the pre-acquisition stage. Support the identification and fair valuation and useful lives of intangibles (such as contractual rights, licenses, customer relationship, favourable or onerous long term leases, etc.) post acquisition and ensure that valuation withstands the appraisal of external experts (auditors) as part of the purchase price allocation exercise under IFRS
Influence and overcome challenges in implementing the norms or principles mandated by IFRS relevant to the various business areas ensuring that key timelines related to the quarterly reporting cycle disciplines are met.
Keep abreast of future changes and developments in IFRS and obtain management agreement to the changes prior to the effective date of the new Standard.
Write justification papers and accounting notes that meet IFRS requirements for appraisal by the external auditors and their technical experts, ensuring the robustness of the solution will withstand the audit test.
Maintain and update the Group Companies Financial Reporting Manual on an annual basis. The manual documents the Group’s accounting policies and contains guidance on recognition and measurement principles as well as specific guidance on areas that need further elaboration e.g. revenue recognition, acquisition accounting etc.
Qualified Accountant. ACA qualification (from a reputed institute) preferred.
10 years relevant experience in the finance department of an airline or a large corporation.
Expert knowledge of International Financial Reporting Standards.
Ability to plan and organise numerous projects and tasks in parallel and deliver within agreed time scales.
Strong accounting and technical skills.